Intel Options Imply 6.5% Move After Q2 Earnings
Portfolio Pulse from Lisa Levin
Intel Corporation (NASDAQ:INTC) is expected to release its Q2 earnings after the closing bell on Thursday. Options markets are implying a move of around +/-6.45% after the announcement, which is less than the 7.5% move seen over the last eight quarters. Analysts expect the company to post a quarterly loss at 3 cents per share, versus a year-ago profit of 29 cents per share. The company’s revenue might come in at $10.97 billion.
July 27, 2023 | 5:44 pm
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Intel's Q2 earnings release is expected to cause a +/-6.45% move in the stock price. The company is expected to post a quarterly loss, which could negatively impact the stock price.
Intel's expected quarterly loss could negatively impact investor sentiment, leading to a potential drop in the stock price. The options market is also implying a significant move in the stock price following the earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100